QuestionQUESTION: I am currently being financed and I have only 1 more payment to make. Even though I have poor credit, I have never been late or missed a payment so my finance company has agreed to the same terms of my present contract if I get another vehicle. How do I go about presenting this to a dealership?
ANSWER: hi,
first of all, congrats on building our credit....Are you a member of a credit union? What kind of interest rate, and what company financed the current vehicle???? You may be able to do much better then your current ;oan. Please provide the following info. How many months was the loan for? How much did you finance, and how many (if applicable), late payments and by how many days??? Let me know and i will then be able to proceed with some suggestions...
STEVE
---------- FOLLOW-UP ----------
QUESTION: Sorry that it took so long to get back to you, holidays, but I have the info you requested. I am not a member of a credit union, I have an interest rate of 29%, the amount financed is $7000.12 for 36 months with Nicholas Financial and have never made any late payments.
Answerhi,
if you have made almost 36 payments on-time, you should be able to get much better financing then 29%, i would apply online to lendingtree.com or capitalone.com they should give a better offer then you can bring your own financing to the dealership, let me know how it goes!
steve
